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Phillip Bay Suburb Insights
VICLocation Information
Suburb Name
Phillip Bay, VIC
Distance from CBD
20.7 kmDemographics
Population
704
Median Income
$37,284
Area Information
Area
0.63 km²
Population Density
1117 people/km²
Property Market
Median Price
$935,202
Annual Growth
+14.2%Property Price Trend Analysis
Current Median Price
$935,202
Annual Growth
+14.2%
Quarterly Growth
+1.3%
Price Trends - Last 6 Months
2024-01
$978,334
+5.5%2024-02
$1,026,044
+7.8%2024-03
$980,698
+13%2024-04
$865,848
+15.5%2024-05
$972,562
+9%2024-06
$434,246
+16.9%Property Type Price Analysis
House
Median Price
$1,615,045
Growth Rate
+12.5%Available Listings
359 properties
Apartment
Median Price
$308,566
Growth Rate
+7.4%Available Listings
969 properties
Townhouse
Median Price
$492,454
Growth Rate
+7.1%Available Listings
336 properties
Investment Potential Assessment
Investment Advantages
- Annual growth exceeds 8% - excellent performance
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy